ASH MENACHEM 4

What Happened

• Ash Menachem, EVP of Strategic & Legal Affairs at IDT Corporation (IDT), had 834 Deferred Stock Units (DSUs) vest on February 17, 2026. Those DSUs converted into 834 shares of IDT common stock (market-based conversion), recorded at $48.45 per share for a notional value of $40,407.
• The issuer withheld 347 shares to cover tax obligations (reported as a disposition under code F) with a reported value of $16,812, leaving a net of about 487 shares added to Menachem’s position.

Key Details

• Transaction date: February 17, 2026; filing date: February 19, 2026 (timely).
• Conversion/exercise entries: 834 shares issued on conversion of DSUs (derivative), reported also as an exercise/conversion (code M).
• Tax withholding: 347 shares withheld by the issuer to satisfy tax liabilities (code F).
• Reported per-share price used for value: $48.45.
• Shares owned after transaction: footnotes indicate total beneficial holdings in the ~52k range when combining shares issued on DSU vesting and 32,902 fully vested restricted shares (see filing footnotes F2/F4 for details).
• Footnotes: F1/F6 explain these were DSUs under IDT’s Equity Growth Program; conversion ratio for these DSUs on this vesting date was 1.0 share per DSU. F3 notes the shares withheld were for tax purposes.

Context

• This was a vesting/conversion of DSUs (a non-cash derivative award), not an open-market purchase or sale of existing shares. The conversion issued shares based on the plan’s market-price formula; some shares were withheld to cover taxes (a common administrative step).
• Because the transaction reflects vesting and withholding rather than a discretionary buy/sell, it should be read as routine compensation-related activity rather than an explicit bullish or bearish trade signal.